Positive Credit Reference

RBS had one for definite. I almost went for it: good interest rate even though I did and do play in full every month. Nested deep in the small print (this was the wild unregulated 90s) was the bald statement that there was no interest-free period at all. I called them and spoke to Mz VeryIndifferent who thought yea innit sounds right. Shredded the (pre-filled) application form straight away, thus destroying the proof I would need 10 years later for this thread.

"Tumbleweed" wrote

For the (much) lower interest rate?!

"Tumbleweed" wrote

Halifax "Flat Rate" card ... standard interest 5.9%pa (balance transfers + purchases).

"Alex" wrote

... -OR- if the CC co always classes all their cheques as "non-cash"...

At 11:28:43 on 10/11/2005, elziko delighted uk.finance by announcing:

That's almost certainly nonsense. They may not advertise the fact, but if you keep pressing them they should set one up for full payment.

X-No-Archive: yes In message , elziko writes

Is writing a cheque once a month such an onerous task? I like cheques; I feel I'm in control.

JF wrote

I like to go online during freebie time and pay through home banking, saving time and postage.

Most cards don't charge interest if you pay in full by the due date. Some do, so make sure you look out for one that doesn't.

IANACreditAgency, but from looking at my (paid in full every month) credit record, I can see: (a) The credit limit (b) The outstanding non-zero balance from the most-recent-date-the-CC-Co-supplied info (c) The, err[0], 24-month default history of the account.

If (a) is high(ish), and (b) is high(ish), but (c) is clear, then I'd imagine that's a good sign, but q.v. some companies not wanting 'good payers'...

Creating a positive effect is LAAEFTR.

[As an aside, I've *no* idea why the (Virgin)OneAccount do an automatic-payment-in-full-every-week credit card - surely folks that are smart enough to work a OneAccount are likley to have many 0% transfers on the go? - I guess it must be for those people that believe the ads and go off travelling the World...]

rgds, Alan [0] IIRC - I'm not really looking at it, just remembering.

What if you use those credit card cheques to pay your credit card bill?

That'll fox 'em! ;-)

Actually, ISTR a time when the best way to cash unused (issued at no charge when making the apropriate travel arrangements) Amex travellers cheques - for no fee - was to use them to pay an Amex card bill.

rgds, Alan

You might save postage, but time you won't. It's much quicker to write a cheque than to log on to home banking and make the relevant transaction.

But writing a cheque on its own doesn't get the bill paid. You've then got to put it in an envelope, take it to a post office, buy a stamp and drop it in the mail box.

Chris

I need no envelope. I take the cheque and the payment form to the bank and pay it over the counter. Walking to the bank counts towards my RDA of exercise, so is effectively zero-cost.

At 10:59:03 on 11/11/2005, Ronald Raygun delighted uk.finance by announcing:

And that's quicker than online banking for someone who otherwise would not visit the Post Office or bank?

So this isnt *now* then its 10 years ago assuming Mz Mz VeryIndifferent had a clue and hadnt got it wrong? Can you point to a *current* credit card that works this way?

There's your mistake! :-)

Woooow! Scary!!

I stand corrected, v good info for the OP.

Scary that anyone would get one of these...better than a bank loan I suppose?

You wont feel like that when (if?) it gets lost in the post.

DeJa Vu here but ...OK, I'll pay online, you fill a cheque in, lets see whose money gets there more reliably. (one day your cheque *will* get lost in the post.)

What post? I take mine to the bank and get them to sign a receipt. I'd say that's pretty reliable.

Actually I do use online banking too. Almost every day. It's usually pretty good, but has been unreliable more often than personal visits have.

Chris Blunt wrote

You just pre-empted my reply except that I keep a few stamps in my wallet, because they never go down in price, and you didn't mention the pouring rain outside. ;-)